Latest news with #Al-Hogail
Arab Times
11-07-2025
- Business
- Arab Times
Now, Saudi Arabia Will Allow Expats To Own Properties
RIYADH, July 11: In a landmark policy shift aimed at boosting foreign investment, Saudi Arabia will permit non-Saudis to own real estate in designated areas across the Kingdom beginning January 2026. The move comes under a newly approved property ownership law, marking a significant milestone in the country's broader strategy to diversify its economy and strengthen the real estate sector. The decision was endorsed by the Saudi Cabinet and announced by Majed Al-Hogail, Minister of Municipal, Rural Affairs and Housing and Chairman of the Real Estate General Authority, who described the legislation as a cornerstone of the Kingdom's ongoing real estate reform program. Under the new framework, foreign nationals will be permitted to purchase property in specific zones, primarily in Riyadh and Jeddah, while ownership in the holy cities of Mecca and Medina will be subject to stringent regulatory conditions and additional oversight. 'The updated law is designed to expand the real estate supply, attract international investors and developers, and stimulate foreign direct investment in the Saudi market,' Al-Hogail said, adding that the legislation includes procedural safeguards to protect national interests and ensure the integrity of the housing sector. The Real Estate General Authority will play a central role in implementing the law. It will define the geographical zones open to foreign buyers and draft the accompanying executive regulations. These regulations will be made available for public consultation via the 'Istitlaa' platform within 180 days of the law's publication in the official gazette. The guidelines will detail eligibility requirements, application procedures, and compliance mechanisms, ensuring a balanced approach to economic liberalization and social responsibility. The law complements existing frameworks such as the Premium Residency Law and property ownership rights extended to GCC citizens, further reinforcing Saudi Arabia's commitment to regulatory modernization under the Vision 2030 transformation plan. By opening its property market to global investors, the Kingdom seeks to position itself as a competitive real estate destination while addressing domestic housing demand and fueling long-term economic growth.
Arab Times
21-05-2025
- General
- Arab Times
Kuwait's Al-Shaheed Park is a model for urban development: Saudi Minister
RIYADH, Saudi Arabia, May 21: Saudi Minister of Municipal and Rural Affairs and Housing, Majed Al-Hogail, has praised Kuwait's Al-Shaheed Park as a leading example of urban environmental design in the Gulf region. During the 28th meeting of the GCC Ministers of Municipal Affairs held in Kuwait, Al-Hogail highlighted the park's outstanding integration of national heritage, environmental awareness, and community engagement. In a post on his LinkedIn account following the visit, he expressed admiration for the various urban projects he witnessed, noting that Al-Shaheed Park left a lasting impression. 'Despite seeing many beautiful urban projects, my stop at Al-Shaheed Park cannot be overlooked,' Al-Hogail wrote. 'It is one of the most prominent urban environmental projects in the region.' He described the park as a thoughtful urban space that goes beyond aesthetics to foster a sense of identity and belonging, while also enhancing the quality of life. Al-Hogail noted that from the Martyr's Memorial to the Peace Circle, along with features such as the Green Belt Lake, artistic sculptures, bird habitats, and salt flats, the park clearly reflects a balance between cultural identity and environmental sustainability. 'This project brings together memory, ecological balance, and social function in an advanced urban concept,' he said. 'The moment you enter, the careful planning is evident. It's more than just a beautiful place — it's a space that strengthens community ties and improves daily living.' Al-Hogail emphasized that the park aligns with the values of Saudi Arabia's Ministry of Municipal and Rural Affairs and Housing. 'We believe that well-designed public spaces can be powerful tools for development, memory preservation, and achieving environmental and human harmony — all in line with the goals of Saudi Vision 2030.' The minister expressed his appreciation to those responsible for the development of Al-Shaheed Park, calling it a pioneering effort that enriches the Gulf's urban landscape and enhances the quality of life for its residents.
Zawya
20-05-2025
- Business
- Zawya
Housing Minister: More than 133,000 firms in Saudi construction sector
RIYADH — Saudi Housing Minister Majid Al-Hogail said that the construction sector in Saudi Arabia has more than 133,000 establishments with over 1.6 million individuals participating daily in building a new reality: smart cities and integrated development. Al-Hogail noted that project management gives organizations greater predictability, responsiveness, and execution, and improves performance and raises the quality of achievement. He emphasized that Saudi Arabia's Vision 2030 outlines an ambitious future that reshapes the economic, social, and development landscape. The minister explained that project management has become a strategic approach and an essential tool for leading change and achieving sustainable impact, and is no longer an executive option. He noted that the National Projects Council is playing a growing role in unifying efforts and enhancing performance. He added, "Government project management offices contribute to enhancing planning, follow-up, and governance practices, ensuring quality implementation and consistency with national goals." This came during his inauguration of the Global Project Management Forum (GPMF 2025), hosted by the capital, Riyadh. The GPMF is one of the prominent international events in this field, bringing together more than 13,000 specialists and interested parties from at least 100 countries. There will be 120 international speakers, 60 dialogue sessions and 16 training workshops. The event reflects the position that Saudi Arabia occupies in leading developmental and institutional transformations at the global level. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Saudi Gazette
19-05-2025
- Business
- Saudi Gazette
Minister: More than 133,000 firms in Saudi construction sector
Saudi Gazette report RIYADH — Minister of Municipalities and Housing Majed Al-Hogail said more than 1.6 million individuals are engaged daily across over 133,000 establishments in Saudi Arabia's construction sector, contributing to the realization of smart cities and integrated development. Speaking at the opening of the Global Project Management Forum (GPMF 2025) in Riyadh, Al-Hogail emphasized that project management is no longer a technical function but a strategic imperative for driving transformation. 'Project management enables organizations to be more predictable, responsive, and efficient. It enhances performance and elevates the quality of achievement,' he said. Al-Hogail added that Saudi Arabia's Vision 2030 represents an ambitious roadmap for reshaping the Kingdom's economic, social, and developmental landscape. He noted that the National Projects Council is playing an expanding role in aligning national efforts and improving overall project performance. 'Government project management offices help strengthen planning, oversight, and governance, ensuring quality execution and alignment with national goals,' he said. GPMF 2025 is one of the world's leading events in the field of project management, attracting more than 13,000 professionals from over 100 countries. The forum features 120 international speakers, 60 panel sessions, and 16 specialized workshops, further underscoring Saudi Arabia's global leadership in institutional transformation and development planning.
Saudi Gazette
19-05-2025
- Business
- Saudi Gazette
Housing Minister: More than 133,000 firms in Saudi construction sector
Saudi Gazette report RIYADH — Saudi Housing Minister Majid Al-Hogail said that the construction sector in Saudi Arabia has more than 133,000 establishments with over 1.6 million individuals participating daily in building a new reality: smart cities and integrated development. Al-Hogail noted that project management gives organizations greater predictability, responsiveness, and execution, and improves performance and raises the quality of achievement. He emphasized that Saudi Arabia's Vision 2030 outlines an ambitious future that reshapes the economic, social, and development landscape. The minister explained that project management has become a strategic approach and an essential tool for leading change and achieving sustainable impact, and is no longer an executive option. He noted that the National Projects Council is playing a growing role in unifying efforts and enhancing performance. He added, "Government project management offices contribute to enhancing planning, follow-up, and governance practices, ensuring quality implementation and consistency with national goals." This came during his inauguration of the Global Project Management Forum (GPMF 2025), hosted by the capital, GPMF is one of the prominent international events in this field, bringing together more than 13,000 specialists and interested parties from at least 100 countries. There will be 120 international speakers, 60 dialogue sessions and 16 training workshops. The event reflects the position that Saudi Arabia occupies in leading developmental and institutional transformations at the global level.
